ISLAMABAD: Amid cheers from a roaring crowd, Pakistani egamers battled to win the grand prize pool money of Rs2 million ($11381) in one of the biggest ever esports tournaments in the heart of the Pakistani capital of Islamabad this week, sponsored by a Dubai-based gaming firm.
Participants played PUBG MOBILE and Valorant on big gaming consoles and PCs at the event, titled as Gamers Galaxy, which was organized by the Dubai-based Galaxy Racer gaming firm at the Pakistan-China Friendship Center in the Pakistani capital.
The two-day tournament, which was set to conclude Sunday night, was one of its kind and witnessed participation of women gamers in the women-dedicated Her Galaxy contest.
Televised in partnership with Ten Sports, the event was attended by UAE-based businessman His Highness Sheikh Ahmed Dalmook Al-Maktoum, UAE’s ambassador to Pakistan Hamad Obaid Al-Zaabi, and Pakistan’s ruling party leaders Senator Faisal Javed Khan and Sayed Zulfikar Bukhari.
“Gamers Galaxy is going to be an opportunity for players all over Pakistan to participate and get into a prize pool of $100,000. For those interested, this is a community-level event,” said Walid Singer, the Gamers Galaxy staff chief.
“We want this prize to be shared across the community not just among professional players because this is how you’ll see an ecosystem.”
Faisal Javed Khan, a senator from Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, said his government was fully supporting businesses.
” This platform is a huge platform for the youth of Pakistan. Last year, our IT exports grew by 40 percent for the first time in the history of Pakistan and crossed $2 billion mark,” he said. “We are hoping that in the next 2-3 years we’ll be able to cross $6 billion.”
Fakhar-e-Alam, a TV host and chief executive officer of Galaxy Racer Pakistan, said they were going to bring the first ever professional esports league in Pakistan, called the Supreme Galactic league, followed by school- and college-level tournament, called the Scholars’ Galaxy.
“With this investment in Pakistan, it further solidifies the brotherly relationship between UAE and Pakistan,” he said. “These bilateral things show the commitment of the people of the UAE to the people of Pakistan.”
About the participation of women in the tournament, Alam said they created a separate space to encourage Pakistani women to compete in esports.
Members of Team Clarity, who played Valorant, said their families supported them a lot and the perception that egaming was “unproductive” needed to be changed.
The youngest participant of the event was a 9-year-old girl, Anabia Naveed, who loves to play Tekken, said her father asked her to compete in the tournament, telling her she played the game really well.
World-renowned Tekken player Arslan Siddiqui, also known as Arslan Ash, was also one of the attendees at the event.
“Pakistan has gradually started matching the international-level esports as the government is supporting it. We always needed that support,” he said.
“The difference between Pakistan and international-level is that there the governments support talent, they are provided with jobs, streaming platforms like Twitch, where people earn but in Pakistan little attention is paid to it. My message to the youth is you need to keep a balance between studies and gaming.”
“I think it’s a big opportunity for female gamers who want to compete professionally as this had been a male-dominant industry for a very long time and women from all over the world are excelling now,” said Iqra Khan, a participant of Her Galaxy.
“Pakistani women should not lag behind and we are working hard to make this happen.”
Pakistani gamers chase esports glory in Islamabad tournament sponsored by Dubai-based firm
https://arab.news/5cd55
Pakistani gamers chase esports glory in Islamabad tournament sponsored by Dubai-based firm
- Dubai-based firm Galaxy Racer organized the event that offers Rs2 million grand prize
- Participants, including women gamers, compete in PUBG MOBILE and Valorant games
Pakistan says record $2.37 billion debt market transaction helps cut power sector circular debt
- Power minister says settlement includes redemption of energy sukuk, bank loans under the debt reduction plan
- Awais Leghari says move strengthens confidence in the government's reform agenda, energy-sector restructuring
ISLAMABAD: Pakistan’s power minister announced on Wednesday the government has settled Rs 659.6 billion ($2.37 billion) in energy sector debt, calling it the largest-ever debt market transaction carried out in the country as Islamabad pushes ahead with reforms to curb mounting liabilities in its troubled power sector.
Circular debt, the chronic build-up of unpaid bills across the electricity supply chain, has for more than a decade crippled Pakistan’s power system, driven by poor bill recovery, high line losses, tariff shortfalls and expensive financing costs.
Successive governments have struggled to contain the debt pile, which has strained public finances and remained a key point of friction in bailout talks with the International Monetary Fund.
“Delighted to announce the successful completion of PKR 659.6 billion PHL settlements ... through capital markets which is Pakistan’s largest-ever debt market transaction,” Power Minister Awais Leghari said on X, referring to the settlement of Power Holding Limited liabilities.
PHL is a government-owned entity that borrowed heavily over the years to finance the power sector.
The minister said part of the settlement involved redeeming Pakistan Energy Sukuk I and II, Islamic bonds raised earlier to plug power sector financing gaps, through an off-market National Debt Market (NDM) transaction.
Leghari said the redemption included Rs 399.6 billion ($1.44 billion) in sukuk-related obligations and Rs 259.7 billion ($935 million) in syndicated bank loans.
“This landmark transaction is a core component of the PKR 1,225 billion [$4.41 billion] Circular Debt Reduction Plan, reflecting strong institutional confidence in Pakistan’s economic reforms,” he said, adding the move demonstrated the capacity of Pakistan’s capital and Islamic finance markets to manage large-scale restructuring operations.
The minister said the government remained committed to long-term structural energy reforms, fiscal stabilization and continued engagement with stakeholders to accelerate “reform-driven growth.”










